What is the Sell-side Saying About Chevron Corporation (NYSE:CVX)?

Nick Sanchez
March 5, 2017

Chevron Corporation (NYSE:CVX) was upgraded by equities researchers at Vetr from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Tuesday. (NYSE:CVX) opened at 113.55 on Friday. Latest closing price was 0.00% above its 50-day moving average and 8.99% above its 200-day moving average. Bank of America Corp raised Chevron from a neutral rating to a buy rating in a research note on Wednesday, January 4th.

12 analysts polled by Zacks Research now have a mean target price of $125.833 on shares. FE right now sits at consensus rating of 2.80 while 4 analysts have advocated the shares as "BUY", 2 calls it an "OUTPERFORM" and 12 suggest "HOLD". The consensus rating is 2, indicating analysts in general look favorably on the company's future prospects.

Shares of Chevron (NYSE:CVX) remained flat at $113.36 during trading on Monday.

Chevron Co. has a 12-month low of $87.55 and a 12-month high of $119.00. The total market capitalization remained at $217.23 billion.

Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, October 28th. The company reported $0.22 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.64 by $0.42.

Many analysts have provided their estimated foresights on Chevron Corporation Earnings, with 17 analysts believing the company would generate an Average Estimate of $0.89. Chevron had a positive return on equity of 1.26% and a negative net margin of 0.43%. The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. Covering sell-side analysts have a current quarter earnings per share estimate of $0.99.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Thursday, February 16th will be given a $1.08 dividend. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.81%.

To find out the technical position of AU, it holds price to book ratio of 1.68 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. Jefferies Group LLC reiterated a "buy" rating on shares of Chevron in a research note on Wednesday, January 18th.

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Another insider trade includes Officer Breber (Pierre R) who also initiated a transaction in which 45000 shares were traded on 1 Feb 2017 as "Sell". The stock grabbed 175 new institutional investments totaling 10,614,159 shares while 55 institutional investors sold out their entire positions totaling 5,441,100 shares. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Chevron Corporation on 01/27/2017 reported its EPS as $0.21 with the analysts projecting the EPS of the stock as $0.64. Shares of Mobileye N.V. (NYSE:MBLY) now have an ABR of 1.89. EagleClaw Capital Managment LLC boosted its stake in Chevron by 15.8% in the second quarter. Gamble Jones Investment Counsel now owns 124,955 shares of the company's stock worth $13,099,000 after buying an additional 315 shares in the last quarter. Finally, Murphy Capital Management Inc. increased its position in Chevron Corporation by 3.0% in the second quarter. Winfield Associates Inc. raised its stake in shares of Chevron by 1.5% in the third quarter.

Entering into profitability analysis, the co has noticeable returns on equity ratio of 2.50%, which discloses how corporation's management efficiently generates profit from shareholders invested money. Greatmark Investment Partners Inc. raised its position in shares of Chevron Corporation by 0.5% in the third quarter. Financial Advisory Service Inc. now owns 10,822 shares of the company's stock worth $1,134,000 after buying an additional 272 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Chevron by 1.3% in the second quarter.

A number of hedge funds have recently modified their holdings of CVX. The Company operates through two business segments: Upstream and Downstream.

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